sp'60min
VIX'daily3
Summary
*the Chicago PMI of 46.2 is truly DIRE, and bodes badly for Q2 GDP.
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Hourly MACD (blue bar histogram) is set to turn negative by late morning... with viable downside into early Monday.
Considering the econ-data.. and the current price action.. market looks set to fall across the day. The fact VIX h as already broken into the 14s is an extra sign things are swinging back toward the bears.
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Energy prices are mixed, Nat' gas continues to slide, -2%, whilst Oil is battling to hold +1%(so far, net lower for May by -2%)
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Transports is -0.6% in the 8200s... nothing bullish there.
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Arguably.. the only thing that could wreck today would be some more talk of a Greek 'kick the can' deal.
10.01am.. consumer sent... 90s.. vs prev. 95. May is not turning out to be so great.
10.06am.. Oh jeez.. check this out...
Clown finance TV getting upset over sp -3pts?
Who is writing those headlines?
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10.10am.. Unless the bull maniacs can get a positive Greek headline within the next 30/90mins... we'll be trading around sp'2100 by this afternoon.
10.25am.. VIX remains relatively subdued in the 13.60s.... need to see sustained 14s...
notable strength: semi-cond' INTC +2.0%
10.31am... Market unravelling.. sp'2112...
10.45am.. sp'2109.. with VIX pushing upward... 14.15, a daily close in the 15s looks due.